Property value increases in Lenah Valley have tracked just lower than the TAS average of 3.08% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Lenah Valley comes in at number 51th in TAS.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.18% offered to property buyers. Sellers in Lenah Valley itself are offering an average vendor discount of -6.92% to real estate investors.
On average over the past year, suburb has had 6.67 sales per month, which equates to 80 per year.
Lenah Valley is 108th on a list of best yielding suburbs for rents in TAS with a 4.71% return
Lenah Valley has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -2.39% to date .
A -5.36% growth in median value for property investors in Lenah Valley,7008 puts this suburb at number 55th in terms of best performing suburbs in TAS
Vendor discounting in Lenah Valley is giving property investors an average Vendor Discount of around -6.85%. This puts suburb at number 12th in TAS when ranking the most discounted suburbs.
Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.Full summary
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Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.
There is a reasonable level of amenities within the suburb itself, including a primary school, a Catholic school and a number of shops, cafes and restaurants on Augusta Road. The wider amenities of New Town and North Hobart are also within easy reach, as is the larger shopping centre in Moonah. There are also a number of reserves and parks in the area, as well as impressive views of Mount Wellington to the west and the Derwent River to the east.
It’s affordable in comparison to neighbours Mount Stuart, New Town and West Hobart, and demand for property is high, with realestate.com.au reporting 26 people searching per property. This suggests the scope for further growth is good. Properties in the older eastern part of the suburb tend to fetch a premium.